Legal Dictionary of Pakistan

A digniori fieri debet denominatio et resolutio

The denomination and explanation ought to be derived from the more worthy.

Articles of dissolution

a document that a dissolving corporation must file with the appropriate governmental agency, usu. The secretary of state, after the corporation has settled all its debts and distributed all its assets.

Ex tota materia emergat resolutio

The construction or explanation should arise out of the whole subject matter.

Exceptio ejus rei cujus petitur dissolutio nulla est

There is no exception based on the very matter for which a solution is heirs, sough! .

Locus pro solutione reditus aut pecuniae secundum conditionem dimissionis aut obligationis est stricte observandus

The place for the payment of rent or money is to be strictly observed according to the condition of the lease or obligation.

Non debet adduci exceptio ejus rei cujus petitur dissolutio

An exception (or plea) should not be made upon the very matter of which a determination is sought (in the case at hand).

Non potest adduci exceptio ejusdem rei cujus petitur dissolutio

An exception cannot be brought upon the same matter whose determination is at issue (in the action at hand).

Non valet exceptio ejusdem rei cujus petitur dissolutio

An exception based on the very matter of which the determination is sought is not valid.

Resolution

1. A formal expression of an opinion, intention, or decision by an official body or assembly (esp. a legislature).

Resolution Trust Corporation

A federal agency established to act as a receiver for insolvent federal savings-and-loan associations and to transfer or liquidate those associations' assets. ( The agency was created when the Federal Savings and Loan Insurance Corporation was abolished in 1989. - Abbr. RTC. See FEDERAL SAVINGS AND LOAN INSURANCE CORPORATION.

Solutio pretii emptionis loco habetur

The payment of the price stands in the place of a sale.

Verba currentis monetae tempus solutionis designant

The words "current money" refer to the time of payment.

absolution

Release from a penalty; the act of absolving. 2. Civil law. An acquittal of a criminal charge. 3. Eccles. law. Official forgiveness of sins.

alternative dispute resolution

a procedure for settling a dispute by means other than litigation, such as arbitration, mediation, or minitrial. - abbr. adr.

certificate of dissolution

A document issued by a state authority (usu. the secretary of state) certifying that a corporation has been dissolved.

concurrent resolution

See RESOLUTION (1).

de facto dissolution

The termination and liquidation of a corporation's business, esp. because of an inability to pay its debts.

dissolution

n. 1. The act of bringing to an end; termination. 2. The cancellation or abrogation of a contract, with the effect of annulling the contract's binding force and restoring the parties to their original positions. See RESCISSION. 3. The termination of a corporation's legal existence by expiration of its charter, by legislative act, by bankruptcy, or by other means; the event immediately preceding the liquidation or winding-up process.

dissolution bond

See discharging bound under bond (2).

dsissolution of marriage

See DIVORCE

favor solutionis

[Latin "(in) favor of payment"] Conflict of laws. The principle that a contract should be interpreted according to the applicable law governing performance.

indebiti solutio

[Latin] Roman & Scots law. Payment of what is not owed. ( Money paid under the mistaken belief that it was owed could be recovered by condictio indebiti. See condictio indebiti under CONDICTIO.

involuntary dissolution

The terminatit,ii of a corporation administratively (for failure to file reports or pay taxes), judicially (for abuse of corporate authority, management deadlock, or failure to pay creditors), or through involuntary bankruptcy.

joint resolution

A legislative resolution passed by both houses. ( It has the force of law and is subject to executive veto.

letters of absolution

Hist. Letters issued by an abbot releasing a member of his order from his vows of obedience to that order, thus permitting entry into another order.

lex loci solutionis

n. [Latin "law of the place of solution"] The law of the place where a contract is to be performed (esp. by payment). - Often shortened to lex solutionis.

lex solutionis

See LEX LOCI SOLUTIONIS.

marital dissolution

See DIVORCE.

shareholder resolution

A resolution by shareholders, usu. to ratify the actions of the board of directors. 3. A document containing such an expression or authorization.

simple resolution

A resolution passed by one house only. ( It expresses the opinion or affects the internal affairs of the passing house, but it does not have the force of law. 2. Formal action by a corporate board of directors or other corporate body authorizing a particular act, transaction, or appointment.

solutio

n. [Latin fr. solvere "to pay"] Roman law. Payment of an obligation; satisfaction.

solutio indebiti

[Latin "payment of what is not owing"] Roman law. Payment of a nonexistent debt. ( If the payment was made by a mistake of fact, the recipient had a duty to give back the money.

solutio obligationis

Roman law. The unfastening of a legal bond, so that a party previously bound need not perform any longer. Cf VINCULUM JURIS.

them is by lease, sale, or other form of contract. and whether the effect is the dissolution of one, both, or neither of the companies. 4. Ciud procedure. The court-ordered unification of two or more

voluntary dissolution

A corporation's termination initiated by the board of :fire,_lors and approved by the shareholders 4. The termination of a previously existing partnership upon the occurrence of an event specified in the partnership agreement, such as a partner's withdrawal from the partnership. Cf. WINDING UP. - dissolve, ub.

war-powers resolution

A resolution passed by Congress in 1973 (over the President's veto) restricting the President's authority to involve the United States in foreign hostilities without congressional approval, unless the United States or one of its territories is attacked. 50 USCA §§ 1541-1548.